Looks to me like all they did was put a different face on it and shift the decimal point a couple notches.
Posted on 04/21/2010 9:00:11 AM PDT by Thurston_Howell_III
WASHINGTON—Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke unveiled a new $100 bill equipped with two new security features. The bill will go into circulation Feb. 10, 2011. The Fed, along with the Treasury Department, the Bureau of Engraving and Printing and the U.S. Secret Service, "continuously monitor the counterfeiting threats" for each denomination and redesign decisions are made based on those threats, Mr. Bernanke said.
(Excerpt) Read more at online.wsj.com ...
The only thing I routinely pay in amounts that would require $100 bills is taxes.
Looks to me like all they did was put a different face on it and shift the decimal point a couple notches.
If you look closely in the bottom right of this photograph, the new bill is being presented by TOTUS itself!
I guess TOTUS has no further use for Obama.
I am surprised they failed to work in the 0bama logo somehow.
a full tank of gas by the end if summer, too...
How many hyundreds of billions of counterfeit notes are in circulation, world-wide? ... And how long would it take to pull them all in for destruction using an exchange system through banks, etc? ... And how easy is it for the federal oligarchy to inflate our money supply by dumping into circulation a ‘new printing’? ... When the wolves run the chicken farm, less poultry make it to market, and what does is splattered with the blood of the ‘sacrificed for leadership’ chickens who were ‘expendable’ in order to ‘make the business run smoothly for the oligarchs in power’.
surprised Obama’s face isn’t on it...
I’m surprised it doesn’t have Obama’s picture on it.
LOL!
What a joke......Counterfitters love a challenge. I think they have races.
A $1 bill with someone using a marker to add 0’s... that would be funny.
The real new $100 bill has the liberty bell inside of some weird red clay jar thang.
weird
The new bill’s security features include a blue 3-D Security Ribbon on the front of the note that contains images of bells and 100s, which move and change from one to the other as you tilt the note, according to joint release from the agencies.
Another security feature is the “Bell in the Inkwell” image that changes color from copper to green when the note is tilted, an effect that makes it appear and disappear within the inkwell. (For more on the redesigned note and its features, visit www.newmoney.gov.)
Counterfitters thank you...but their inside man says 3.
It’s time once again to trot out my currency and coinage reform proposal.
Given that there has been ample inflation on the order of 10 since the last change, and we have an excessive array of confusing coins and low-value currency, it is time for a practical simplification.
First, denominations need to proceed in a proportional way without large value ratios or crowded ratios. The classic 1-5-10-50-100... progression with ratios of 2.0-5.0 is ideal as a minimum, with denominations of 2, 20, etc. being optional for important valuations.
Second, we want to avoid coins of such low value that they are more trouble than they are worth. Economic waste occurs with the extra time wasted dealing with needlessly small coins. A dime is worth less than a minute of labor at minimum wages, and no currency transaction requires anything smaller than this denomination. The penny and the half-cent served well as the smallest denominations when their values were that of today’s dime. Note that electronic transactions are often conducted in smaller units than our smallest coin, and that cash registers have been “rounding” (without bias up or down) to the nearest small coin for sales tax purposes for generations.
Third, we want to set the coin/currency transition at a practical level that avoids our wallets being overstuffed with small bills, or our pockets with too many coins. Coins should be suitable for purchases like a magazine, a coffee, a lunch, or a brief cab ride.
Fourth, the ratio between the largest and smallest coin should be limited to a practical factor. Consider that the economy functions effectively with coins at 0.05, 0.10, and 0.25, with pennies treated as trash, and larger coins generally not used. That is a factor of 5 between the largest and smallest coin. A factor of 10-50 may be ideal, and a factor of 100 (as in actual current coinage) is excessive.
Fifth, we need bills of adequately high value for large cash purchases (consider the largest Euro note has a value of about 7.5 times that of the largest US note.)
Sixth, coins should be sized approximately proportional to their value for ease of recognition and use.
The proposal:
Coins:
$0.10 (slightly smaller than the current dime)
$0.50 (slightly smaller than the current nickel, larger than the penny)
$1.00 (slightly smaller than the current quarter dollar, larger than the nickel)
$5.00 (slightly smaller than the current half-dollar) Or it could be set at $2 to avoid overlap with a $5 note.
Currency Notes:
$5 (optional)
$10
$20 (optional)
$50
$100
$500
Our current 6 coins are replaced with 4.
Our current 7 notes are replaced with 4-6.
If you want to talk about making coins out of silver or gold, that’s another topic.
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